16 Jun Nevada firm picked to run LSU’s medical marijuana program
Posted at 12:05h in Briefs, Dispensary/Retail Store Business News, louisiana cannabis, Louisiana Medical Cannabis Business & Marijuana Legal News, lsu medical marijuana, MMJ Business Daily 0 CommentsLouisiana State University selected GB Sciences, a Nevada-based marijuana company, to operate the school’s medical marijuana program, one of two in the state. Under the arrangement, GB Sciences is required to make a minimum $3.4 million contribution or a 10% commission on gross receipts to the LSU AgCenter, according to the Greater Baton Rouge Business Report. The state won’t spend any money on the estimated $10 million undertaking, the Times-Picayune reported. The company, which trades on the over-the-counter markets under the symbol GBLX, also must make a $500,000 annual investment in the ... Nevada firm picked to run LSU’s medical marijuana program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
The post Nevada firm picked to run LSU’s medical marijuana program appeared first on InvestinCannabis.com.